UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): May 21, 2024

 

SinglePoint Inc.

(Exact name of registrant as specified in its charter)

 

Nevada

 

000-53425

 

26-1240905

(State or other jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

3104 E Camelback Rd #2137

Phoenix, AZ

 

85016

(Address of principal executive offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code: (888) 682-7464

 

Not Applicable

(Former name or former address, if changed since last report.)

 

Check the appropriate box below if the Form 8 K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

 

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

 

☐

Pre commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

 

☐

Pre commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

common stock, par value $0.0001 per share

SING

Cboe BZX Exchange, Inc.

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

Item 1.01 Entry Into A Material Definitive Agreement.

 

On May 21, 2024 and May 22, 2024, SinglePoint Inc. (the “Company”) and Bucktown Capital, LLC, a Utah limited liability company (“Lender”), entered into a series of exchange agreements (the “Exchange Agreements”), pursuant to which the Company and Lender agreed to (i) partition new promissory notes (the “Partitioned Notes”) from that certain promissory note dated July 13, 2021 in the original principal amount of $1,580,000 (the “Original Note”) and then cause the outstanding balance of the Original Note to be reduced by $360,000; and (ii) exchange the Partitioned Notes for the delivery of an aggregate amount of 2,518,186 shares of the Company’s Common Stock, par value $0.0001 (the “Exchange Shares”). The principal amount outstanding on the Original Note following the consummation of the transactions pursuant to the Exchange Agreements is approximately $738,000.

 

The foregoing description of the terms of the Exchange Agreements does not purport to be complete and is qualified in its entirety by the complete text of the form of Exchange Agreement attached as Exhibit 10.1 to this Current Report on Form 8-K.

 

Item 3.02 Unregistered Sales of Equity Securities.

 

The disclosures set forth above under Item 1.01 are incorporated herein by reference. The issuance by the Company of the Exchange Shares in exchange for the Partitioned Notes pursuant to the Exchange Agreements was made in reliance upon the exemption from the registration requirements under Section 3(a)(9) under the Securities Act of 1933, as amended.

 

Item 9.01 Financial Statements and Exhibits.

 

                (d) Exhibits

 

EXHIBIT INDEX

Exhibit No.

 

Description

10.1

 

Form of Exchange Agreement

104

 

Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

 
2

 

 

SIGNATURES

 

Pursuant to the requirements of the Stock Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

SinglePoint Inc.

 

 

 

 

 

Dated: May 24, 2024

By:

/s/ William Ralston

 

 

Name:

William Ralston

 

 

Title:

Chief Executive Officer

 

 

 
3

 

 

nullv3.24.1.1.u2
Cover
May 21, 2024
Cover [Abstract]  
Entity Registrant Name SinglePoint Inc.
Entity Central Index Key 0001443611
Document Type 8-K
Amendment Flag false
Entity Emerging Growth Company false
Document Period End Date May 21, 2024
Entity File Number 000-53425
Entity Incorporation State Country Code NV
Entity Tax Identification Number 26-1240905
Entity Address Address Line 1 3104 E Camelback Rd #2137
Entity Address City Or Town Phoenix
Entity Address State Or Province AZ
Entity Address Postal Zip Code 85016
City Area Code 888
Written Communications false
Soliciting Material false
Pre Commencement Tender Offer false
Pre Commencement Issuer Tender Offer false
Local Phone Number 682-7464
Security 12b Title common stock, par value $0.0001 per share
Trading Symbol SING
SinglePoint (PK) (USOTC:SING)
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